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Organization of the Petroleum Exporting Countries (OPEC)

Pump jacks are seen at the Lukoil company owned Imilorskoye oil field outside the West Siberian city of Kogalym

Oil prices hits highest levels since 2015

06/11/2017(0)
Oil prices hit their highest levels since July 2015 early on Monday as markets tightened, while Saudi Arabia’s crown prince cemented his power over the weekend through an anti-corruption ... Read More
The world bank

Commodity prices likely to rise further in 2018: World Bank

01/11/2017(0)
Oil prices are forecast to rise to $56 a barrel in 2018 from $53 this year as a result of steadily growing demand, agreed production cuts among oil exporters ... Read More
ship oil

Oil hovers near four-week high

25/10/2017(0)
Brent crude, the global benchmark, was up 8 cents at $58.41 a barrel by 0437 GMT, after settling on Tuesday up 96 cents, or 1.7 percent. U.S. West Texas ... Read More
A worker checks the valves at Al-Sheiba oil refinery in Basra

Oil prices rise on tightening supply, strong demand

23/10/2017(0)
Oil prices rose on Monday over supply concerns in the Middle East and as the U.S. market showed further signs of tightening while demand in Asia keeps rising. Brent ... Read More
ship oil

Venezuela suggests global oil trade in Russian ruble & Chinese yuan

05/10/2017(0)
The President of Venezuela Nicolas Maduro has proposed oil producing countries should discuss creating a currency basket for trading crude and refined products. “Developing a new mechanism of controlling ... Read More
A worker checks the valves at Al-Sheiba oil refinery in Basra

Oil prices dip as traders assess U.S. hurricane impact

12/09/2017(0)
Oil prices edged down in early Asian trading on Tuesday, as traders weighed up the dampening effect on demand of Hurricane Irma versus refinery restarts in the wake of ... Read More
A maze of crude oil pipes and valves is pictured during a tour by the Department of Energy at the Strategic Petroleum Reserve in Freeport

Oil prices hold near seven-month lows

20/06/2017(0)
Oil prices held around seven-month lows on Tuesday as investors focused on persistent signs of rising supply that are undermining attempts by OPEC and other producers to support prices. Brent ... Read More
oil-price-L-reuters

Crude oil hovers near three-month lows as investors await data

14/03/2017(0)
Crude oil prices hovered near three-month lows on Tuesday in Asian trading, with investors waiting for key reports and data that may shed light on a supply overhang in ... Read More
A pumpjack drills for oil in the Monterey Shale

Oil prices dipped on Thursday

10/11/2016(0)
Oil dips on rising crude inventories after Trump’s shock victory Oil prices dipped on Thursday, pulled down by rising U.S. crude inventories and as markets tried to interpret U.S. ... Read More
Pump jacks are seen at the Lukoil company owned Imilorskoye oil field outside the West Siberian city of Kogalym

Oil prices fall as Canada oil sand fields gradually return

12/05/2016(0)
Oil prices fell on Thursday, dragged down by the gradual return of Canadian oil sands output, reversing a sharp rise the previous day when the U.S. government detailed an ... Read More
Broker Cyprus TopFX